Cms Energy (CMS) Cost of Revenue (2017 - 2026)
Cms Energy's Cost of Revenue came in at $557 million for Q2 2026, down 1.1% from $563 million a year earlier and down 42.4% from the prior quarter.
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Analysis
Cms Energy (CMS) Cost of Revenue (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Cms Energy reported Cost of Revenue of $2.71 billion, up 22.3% year-over-year; for FY2025, it came in at $2.52 billion, up 27.5% from FY2024.
- Cost of Revenue carries a five-year compound annual growth rate of 4.0% (FY2020 to FY2025).
- Going back by year, Cost of Revenue was $1.97 billion in FY2024 (-13.4%), $2.28 billion in FY2023 (-28.5%), $3.18 billion in FY2022 (+32.7%) and $2.4 billion in FY2021 (+16.0%).
- The five-year range for quarterly Cost of Revenue is $394 million (Q3 2024) to $967 million (Q1 2026).
- Year-over-year, Cost of Revenue increased in five of the last eight quarters, with growth averaging 16.2%.
- The fastest year-over-year change in Cost of Revenue over five years came in Q2 2022 (growth of 43.5%), and the weakest in Q3 2023 (a decline of 39.3%).
- Business Quant data shows CMS's Cost of Revenue at $967 million (Q1 2026), $634 million (Q4 2025) and $555 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 287.73 Bn | 287.73 Bn | 890.00 Mn | 1.38 Bn |
| 2 | Nextera Energy | 160.25 Bn | 161.15 Bn | - | - |
| 3 | Southern | 96.31 Bn | 87.36 Bn | 5.92 Bn | 1.05 Bn |
| 4 | Duke Energy | 88.79 Bn | 87.40 Bn | 6.74 Bn | 2.44 Bn |
| 5 | National Grid | 79.16 Bn | 60.69 Bn | - | - |
| 6 | American Electric Power | 65.09 Bn | 63.47 Bn | 3.84 Bn | 1.60 Bn |
| 7 | Dominion Energy | 53.95 Bn | 56.63 Bn | - | - |
| 8 | Sempra | 51.22 Bn | 50.35 Bn | 2.89 Bn | 108.00 Mn |
| 9 | Entergy | 47.09 Bn | 36.28 Bn | - | - |
| 10 | Cms Energy | 19.99 Bn | 19.33 Bn | 1.27 Bn | 557.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 557.00 Mn |
| Mar 31, 2026 | 967.00 Mn |
| Dec 31, 2025 | 634.00 Mn |
| Sep 30, 2025 | 555.00 Mn |
| Jun 30, 2025 | 563.00 Mn |
| Mar 31, 2025 | 763.00 Mn |
| Dec 31, 2024 | 499.00 Mn |
| Sep 30, 2024 | 394.00 Mn |
| Jun 30, 2024 | 415.00 Mn |
| Mar 31, 2024 | 665.00 Mn |
| Dec 31, 2023 | 544.00 Mn |
| Sep 30, 2023 | 419.00 Mn |
| Jun 30, 2023 | 426.00 Mn |
| Mar 31, 2023 | 888.00 Mn |
| Dec 31, 2022 | 872.00 Mn |
| Sep 30, 2022 | 690.00 Mn |
| Jun 30, 2022 | 699.00 Mn |
| Mar 31, 2022 | 923.00 Mn |
| Dec 31, 2021 | 738.00 Mn |
| Sep 30, 2021 | 519.00 Mn |
API Access
Cms Energy Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CMS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "CMS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=CMS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();